St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-01
On the Chicago Board Of Trade the Mar
ket Opened With Higher
Tendency,
Which, However, Did Not Keep Up Dur
ing the Latter Part Of the
Session.
Transactions in the Financial Circles Of
Wall Street.-The General
Quotations.
Special to the Globe.

tendency toward higher prices. The bulhsh
spirit was not partic ularly aggressive, except
in provisions, which fiared up in the begin
ming, but developed considerable weakness
later and broke sharply. Grain bought at
lower prices is being held for further ad-
vance by the great mass of holders. The pro-
fessionals and the faint hearted local bulls
who have been playing and praying for bull
markets for three years, and who don't
believe in their luck, were way passengers.
As a rule they are out Of the market, and
either playing for reaction or waiting un
til the return train gets under Roadway.
Wheat was moderately traded in dur
ing the first hour at S2S4@S3c for
May. Corn was only fairly active
with Jones, Mccormick Kenneth, principal
sellers of May around 81 cents, and Swartz
& Dupee principal buyers. The crowd was
buliish and the market advanced I2c. Oats
were active and some round lots changed
hands at 32I4c on May. January pork fluc-
tuated between SI470 and S14S7l2, and
Nav between SIS 80 and S15.47l2 up TO
1880 January lard sold at S7.35; May
lard at S7.57I2@7.60. January ribs at
S7.47I2G7.57l2, and February at $3.50
7.65. Provisions suddenly turned down.
Moses Bloom was detected selling pork and
the crowd helped prices down On him. He
managed, however. to shake himself out of
five or six thousand barrels before the decline
stopped. On the way down there was con-
siderable one-sided realizing, and some "stop
orders were reached. January pork receded
from S14.S7I2 TO S14.42I2, and May pork
from S15.4712 to IA. 97I2; ribs lost 10@12I2c
and lard DC. The market steadied itself at
the decline and again prices began to move
up. By 1870 prices were
ABOUT ON a LEVEL
with yesterdays closing range. The furry
was short-lived, and gave place to renewed
firmness. The bullishnesS developed in
wheat and corn helped materially TO restore
confidence in provisions. After lac advance
corn halted. Up to that time wheat had re-
manned practically stationary around 75I2e
for December, 7614c for January and S27B0
S3c for May. Shortly before noon Ream
made an appearance in the pit, and took
everything that was offered up to S314c for
May. When he quit Baker took his place,
and took offerings up TO S3I3c. Then the
crowd took an inning, and the price went to
Sac in jiffy. With active trading in all the
deliveries, December reached 7614c and JAN
uary 7678c. The market was strong at the
advance, and even hitched little higher
than the range quoted. The bullish senti-
ment is growing continually-spreading
widening and deepening-i1 the judgme ut
and observation of commission merchants
is worth anything. The professionals
are quick to seize upon this
advantage. and they are scalpi ng
the long side of the market with marked sue
cess. Cables are firm but no higher but New
York and the Northwest are extremely bull
ish. From New York Nat Jones is scattering
messages advising his friends to shut their
o,,1 b,,x bo oI1
bear leaders talk that way their influence
is felt more generally than 1.-The trade is
prepared to admit. Minneapolis reports that
receipts are getting down below current mill
ing requirements. On the day wheat adj
vanced 1I4c nothing sensational occurred in
corn. Taking advantage of the advance to
467sc for January and 51l2c for May, a
great many small holders floated out, taking
profits with them. This realizing among the
miscellaneous crowd of investors was gen
eral, and the market seemed pretty well
loaded up toward noon. 1t was much less
gamy than wheat after II o'clock, and the
scalpers transferred themselves almost in a
body from one pit to the other. The close
was above yesterday, however. Estimated
receipts tomorrow are: Wheat, 125 cars;
corn, 10 cars; oats, 100 cars; hogs, $4,000
head.
THE ROUTINE REPORT.
CHICAGO. Nov 3O-The board of trade
markets opened steady and early displayed a
tendency toward higher prices The bullish
spirit was not particularly aggressive, except
in provisions, which tlared up in the begin
ming, but developed considerable weakness
later and broke sharply. Grain bought at
lower prices is being held for further adj
vance by the great mass of traders. The pro-
fessiOnals and the faint-hearted local bulls
who have been playing and praying for bull
markets for three years, and who don't be-
lieVe in their luck, were way passengers. As
q rule they are out of the market and either
playing for a reaction or waiting until the re-
turn train gets under Roadway Wheat was
moderately traded sl.. in during the fir, first
The pork bulge still continues. First prices
were zoe over the close or at S14.S5 for Jan
uary. Subsequently they dropped back 3
cents, but the feeling all the while was firm.
A very heavy trade developed in corn, the
work ON the buying side being particularly
brisk and May going to 5lssc before the ex-
piration of the first hour. The same option
in wheat only went to S3lsc. The early
price brought out plenty of pork, and as the
session advanced there was not as great
rush for it; prices, too, became easier, Janu-
airy dropping off to Sl47212. The closing
prices of the leading futures were as follows:
May wheat, S41sc; May corn, 51A@51 Ssc;
January lard, S7.20 bid; January short ribs
$7.42l2.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. =, December, opened at 75I2c,
closing at 165sc; January, 761sc, closing at
77Ssc: February, 1850. closing at 7S1bc;
May, S234c, closing at S4lSc. Corn-No. 2,
December opened at 4614c, closing at 4614c;
January, 46l2c. closing at 465Sc; May, 507sc,
closing at 514c. Oats-No. 2, November,
opened at 29I2c: December. 2S12c, closing at
28l2c; May. 324c, closing at 32Ac. Mess
Pork-per Dbl, January, opened at so,
closing at S1462l2: February, SIS, closing
al S14.75; May. SI5.3O. closing at S15.22l2.
Lard-per 100 lbs, December opened at
S.15, closing at S7.l5; January, S7.25,
closing at S1.20; February, S7.35, closing at
$3.50; May, S7.5712, closing at S7.57I2.
Short RibS-per 100 lbs, January opened at
STATE. closing at 7.42I2; Feb, 81 .57I2, clos
ing at S7.52I2: March, 81 rs, closing 1922.
quiet and prices unchanged. Wheat-No. 2
spring, 7612c: No. 3 spring, Csc; No. 2 red,
nc. Corn-NO 2, 1850. Oats-No ., 2SI2@
2S54c. Rye-No. 2, Soc. Barley-No. 2,
75c. Flax seed-No. l, S1.26. Timothy seed
Prime, 81 .29@2.36. Mess pork. per Dbl,
S14.25@14.50. Lard, per 100 lbs. $1,000
7.25; short rib sides (loosel S7.3597. 40; dry
sailed shoulders (boxed), S5.7OQ5. 80; short
clear sides (boxedl, S7.7O@7.75. Whisky
Sugar-Cut loaf, 714@57s4c; granulated, &c
bid; standard "A, 65sc bid. Receipts
Flour, So, 900 bbls; wheat, 1O4, 600 bu;
corn, 204, 900 bu.; oats. $4,000 bu; rye,
1000 bu; barley. 10000 blu. Shipments
Flour. SO, 900 bbls; wheat. $4,000 bu; corn,
$4,000 bu; oats, $4,000 bu; rye, 500 bu;
barley, 6S 900 bu. On the produce exchange
higher; fsncy creamery, 2Sl2@130c; fancy
dairy O1M16o EgpS-01I5(62ll9c